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To thoroughly implement the spirit of the Third Plenary Session of the 20th CPC Central Committee, the Central Economic Work Conference, the National Two Sessions, and the decisions of the Executive Meetings of the State Council—particularly the critical directive to "stabilize the real estate and stock markets, and prevent and resolve risks and external shocks in key areas"— Shanghai Stock Exchange (SSE) held a thematic symposium on April 21 with representatives from over ten leading private equity firms, through which the SSE engaged in in-depth discussion with them and collected their comments and suggestions.
The participating firms said that recent tariff policies implemented by the U.S. have created trade barriers and led to significant volatility in global risk assets. Under the strong leadership and decisive deployment of the CPC Central Committee, a series of stabilization policies have been launched. Chinese version of the stabilization fund, such as Central Huijin, has intensified efforts to support the market at critical moments, prompting market participants to proactively engage in share repurchases and shareholding increase, collectively fostering a recovery in the stock market. The short-term impact of tariffs will not change the long-term positive trend of China's capital market. Adequate macroeconomic policy adjustment tools, a broad domestic demand market, emerging technologies leading industrial development, and a resilient supply chain system provide important economic fundamental support for the stable improvement of the capital market. With the implementation of new policies such as the Several Opinions on Strengthening Supervision, Preventing Risks and Promoting High-Quality Development of the Capital Market, the STAR Market Eight Measures, and the M&A Six Opinions, listed companies are actively distributing dividends and increasing stock repurchases, thereby enhancing shareholder return. The long-term investment value of the Chinese stock market continues to rise.
The participating firms noted that current asset valuation in China is relatively low. With the optimization of domestic economic structure, favorable policies, and global capital rebalancing under the impact of tariffs, there is significant potential for valuation recovery and enhancement in Chinese assets. They expressed confidence in holding high-quality Chinese assets, firmly establishing the principles of "long-term, rational, and value" investing, and collectively maintaining the stable operation of the capital market.
